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Online Forex trading is not widespread in Burundi. As a matter of fact, in the small African country only about 15 percent of the population live in urban areas. The government has not made any attempts at reforming its regulatory structure in order to integrate Forex trading within it. At it stands today – the legislation of the country does no take into account the existence of Forex trading, even though it takes place in the country.
The Burundi government has several state agencies in charge of financial oversight.The main regulatory body in the country is the The Bank of the Republic of Burundi (BRB) which oversees the whole of the financial sector of the economy, while the Insurance Regulation and Control Agency is in charge of regulating the insurance companies in the country.
The central bank supports a website, however, without an available English language option. There are no legitimate Burundi-based brokerages, however, many well-known regulated in Europe brokers target quite successfully traders from Burundi who do not get into trouble with the state for contracting their services.
An important thing to note is that they should support one of the several languages that are spoken in the country. The official languages in the country are English, French and Kirundi. Brokerages also have to provide withdrawals and deposits via the national currency – Burundian franc. The standard Visa and MasterCard, as well as Rezgo e-wallets are widely preferred by traders in the country payment methods.